Which of the following assessee is not liable to pay advance tax under section 207 during the financial year 2014 - 15
CS Executive · Tax Laws and Practice · PYQS · June 2015
Which of the following assessee is not liable to pay advance tax under section 207 during the financial year 2014 - 15
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B). Official source note: Which of the following assessee is not liable to pay advance tax under section 207 during the financial year 2014 - 15 — (A) A senior citizen having income chargeable under the head ‘profits and gains of business or profession’ (B) A senior citizen not having income chargeable under the head ‘profits and gains of business or profession’ (C) A super senior citizen having income chargeable under the head ‘profits and gains of business or profession’ (D) A resident individual not being senior citizen having income chargeable under the head ‘profits and gains of business or profession’.
Topics: Income Tax
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